IBT Staff Reporter

China has formally relaxed rules on inbound portfolio investment, raising the maximum sum a single institution may invest to $1 billion from $800 million, the State Administration of Foreign Exchange (SAFE) said.

The stock market is set to continue its winning ways in the coming week as momentum builds during earnings season.

Foreign Secretary Nirupama Rao has warned of a clear and present danger to the international community from militants in Pakistan after a bomb attack on the Indian embassy in Kabul that it has hinted may have come from across the border.

A French physicist of Algerian descent, arrested on suspicion of collaborating with Islamic militants, made only vague references to attacks in emails intercepted by U.S. intelligence services, a magistrate told Reuters on Sunday.

The Philippines shifted its efforts on Sunday to sending relief in northern provinces devastated by floods and cut off by landslides as the death toll and damages from two typhoons this month rose to art least 530.

President Dmitry Medvedev faced a test of his pledge to boost Russian democracy on Sunday when polls opened for 30 million voters in regional elections the opposition says have been rigged.

Pakistani commandos stormed an office building Sunday and rescued 39 people taken hostage by suspected Taliban militants after a brazen attack on the army's headquarters.

President Barack Obama, speaking on the eve of a major gay-rights march, told gay supporters on Saturday he would fight for their causes and renewed a pledge to end restrictions on their service in the U.S. military.

U.S. Secretary of State Hillary Clinton said on Sunday that international powers would not wait forever for Iran to prove it was not developing nuclear bombs.

British media group BSkyB will next week launch Sky Songs, a digital music service it hopes will challenge Apple's iTunes and Spotify in the music downloads business.

The GOP poked fun at President Obama's Nobel Peace Prize in a fundraising letter sent out to supporters on Friday.

Airbus is confident its delayed A400M military transport plane will fly by the end of the year but dismissed a magazine report that its maiden flight could come as soon as November 30 as fantasy.

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Delaware judges will need to find a way to avoid ruling in corporate cases involving government-controlled companies like American International Group Inc if they are to protect the state's corporate law, a law professor said on Friday.

A merger of Russian cellphone operator Vimpelcom and Ukrainian mobile leader Kyivstar was ranked as the world's biggest deal this week, according to Thomson Reuters data released on Friday.

German Landesbank Bayern LB needs less state aid and is negotiating with the bank rescue fund SoFFin about returning 10 billion euros, a source close to the company said on Saturday.

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The world's airlines have agreed to new fuel efficiency and carbon emission targets which go much further than the levels required through regulation, an industry group said on Saturday.

China's Commerce Ministry said on Saturday that it has not yet received an application about machinery maker Tengzhong's bid to buy General Motors' Hummer brand.

Marine fuel supplier Chemoil Ltd expects to post a net loss in the third quarter, hurt by weak fuel oil margins.

Banque Saudi Fransi, the Saudi affiliate of France's Calyon, posted a 1.9 percent fall in third-quarter net profit on lower fees from deposit management and its local brokerage.

India is set to become a global leader in technology services as software companies move up in the value chain, while the weak dollar has hurt the U.S. economic recovery, the Chairman and CEO of business publisher Forbes said on Saturday.

Saudi Arabia's Almarai Co, the Gulf's largest dairy company by market value, posted a 23.7 percent rise in third-quarter net profit but sales slowed down as swine flu kept pilgrims away from the kingdom.

Iran's state oil firm and Total have resumed talks about the French energy company's participation in a major liquefied natural gas (LNG) project after a gap of several months, a news agency said on Saturday.

The American whiskey market may be back on a roll. The industry which produces Jack Daniel's and Jim Beam is seeing sales flatten in its domestic market but overseas business is booming and driving overall growth.

China will cut the price of aviation fuels by about 4 percent from Sunday, reflecting recent falls in international crude oil prices, according to an announcement from the National Development and Reform Commission.

The world's airlines have agreed to new fuel efficiency and carbon emission targets which go much further than the levels required through regulation, an industry group said on Saturday.

The world's book trade meets in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared.

India is set to become a global leader in technology services as software companies move up in the value chain, while the weak dollar has hurt the U.S. economic recovery, the Chairman and CEO of business publisher Forbes said on Saturday.